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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Re: Steam/Oil Ratio (SOR) - Conference Call

Mar 18, 2010 07:01PM

Mar 19, 2010 08:44AM
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Mar 19, 2010 03:03PM
1
Mar 19, 2010 03:20PM

I just finished listening to the conference call and I wrote down the following information concerning the relationship between the SOR and the barrels of bitumen per day produced.

- Dick Gusella stated that to reach 10,000 bbl/d of bitumen production we need an SOR of 2.7 at POD1

- He stated that if the SOR is reduced to 2.2 with the use of solvents POD 1 could produce 12,000 bbl/d of bitumen

- Dick Gusella stated that if Algar's SOR is reduced to 2.5 it will produce 12,000 bbl/d of bitumen.

- He stated that if Algar's SOR is reduced to 2.0 it will produce 15,000 bbl/d of bitumen.

- He later added that the difference between an SOR of 3 and an SOR of 2.7 at POD 1 is 1,000 bbl/d

Best Wishes; Scott

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